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Article: FUND OF FUNDS LAUNCHED TO RAISE INVESTMENT CAPITAL
- Article from:
- US Fed News Service, Including US State News
- Article date:
- September 28, 2009
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PHOENIX, Ariz., Sept. 25 -- The Arizona Department of Commerce issued the following news release:
A coalition of state and local business organizations, including The Arizona Economic Resource Organization (AERO), the Arizona Department of Commerce, Arizona Technology Council, Greater Phoenix Leadership, Southern Arizona Leadership Council, Flinn Foundation and Arizona venture capitalists, has retained Sun Mountain Capital to establish, operate and grow a privately funded Fund of Funds program for the State of Arizona. The goal of the Fund is to attract and oversee the investment of as much as $200 million to benefit Arizona's promising, innovative businesses. The program raises investment ...